ReportedShipping, energy & marketsSaudi Arabia and Red Sea
Saudi East-West pipeline moves 5.8 million barrels as Yanbu loadings resume
- Mountain Time
- Local time
- 7:30 PM in Riyadh
- Where
- Saudi Arabia and Red Sea
Saudi Energy Minister Prince Abdulaziz bin Salman said the East-West pipeline had moved 5.8 million barrels by Tuesday morning. The line carries crude to Yanbu on the Red Sea, where loadings have resumed after the pipeline restarted on September 22.
Why it matters
The pipeline gives Saudi exporters a route around the Strait of Hormuz, but Yanbu-bound cargoes still depend on passage through the Red Sea and Bab al-Mandab.
Source
- OilPrice.comoilprice.comPublished
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